Tyler Cowen, Columnist

The French Economy’s Secret Weapon: Bureaucrats

The country’s long tradition of a competent civil service will serve it well as the world enters an era of increased conflict and turmoil.

And the economy looks nice too.

Photographer: Dimitar Dilkoff/AFP

Sometimes the real action is in the dog that didn’t bark. What is striking about the European Union’s pending regulations on artificial intelligence is what’s missing: There is no ban on open-source AI.

Part of the reason may be that the French government realizes it has a winner in its highly regarded AI firm Mistral AI. Recent results have shown Mistral making significant progress catching up to industry leaders, and the estimated value of Mistral AI has risen sevenfold in the last six months. Meanwhile, Germany and Italy have their own AI aspirations. Why let EU regulation ruin that possibility?